12 High Growth Low Dividend Stocks To Invest In

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3. Alphabet Inc. (NASDAQ:GOOG)

Dividend Yield as of February 24: 0.44%

Number of Hedge Fund Holders: 174

Alphabet Inc. (NASDAQ:GOOG) ranks 3rd on our list of the best high growth stocks to buy. Alphabet is betting big on AI, announcing a $75 billion investment in infrastructure, well above Wall Street’s $58.84 billion estimate. CFO Anat Ashkenazi commented that the spending will fuel growth across Google Services, Google Cloud, and DeepMind, with most of it going toward servers, data centers, and networking.

Alphabet Inc. (NASDAQ:GOOG)’s net income climbed 28% to $26.5 billion in Q4, with earnings per share rising 31% to $2.15. The company generated a strong free cash flow of $24.8 billion in Q4 and $72.8 billion for the full year 2024. In the fourth quarter, GOOG returned $15 billion to shareholders through share buybacks and distributed $2.4 billion in dividends, bringing total shareholder returns to nearly $70 billion for the year.

On February 7, Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend of $0.20 per share. The dividend will be distributed to shareholders on March 17, and to shareholders on record as of March 10.

Among the hedge funds tracked by Insider Monkey, 174 funds reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) at the end of the fourth quarter, compared to 160 funds in the prior quarter.

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